BOI AXA Ultra Short Duration Fund Direct Dividend Daily+0.02%

4Groww
8.35%
1 Year Return
Debt
Ultra Short Duration
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

BOI AXA Ultra Short Duration Fund Direct Dividend Daily

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.33%
NAV1011.6 (22 Aug 2019)
Fund Started01 Jan 2013
Fund Size322 Cr

Returns

1Y
3Y*
5Y*
Since inception*
BOI AXA Ultra Short Duration Fund Direct Dividend Daily
8.3%
8.2%
8.6%
8.8%
Category Average
6.2%
6.5%
7.3%
-
Rank within category
12
3
3
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 8.3% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Risk is lower compared to the benchmark
    3. Lower expense ratio
    4. 1Y Returns are higher than the benchmark
    5. 3Y Returns are higher than the benchmark
    6. 5Y Returns are higher than the benchmark
    7. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low

    Top Holdings

    NameSectorInstrument% Assets
    Avendus Finance Pvt. Ltd.FinancialDebenture8.0%
    National Housing BankFinancialDebenture7.8%
    ICICI Bank Ltd.FinancialCD7.8%
    National Thermal Power Corp. Ltd.EnergyCP7.7%
    Axis Bank Ltd.FinancialCD7.6%
    Indusind Bank Ltd.FinancialCD7.6%
    National Bank For Agriculture & Rural DevelopmentFinancialCP7.5%
    Housing Development Finance Corpn. Ltd.FinancialCP7.5%
    Export-Import Bank Of IndiaFinancialCD7.5%
    Indian BankFinancialCD7.4%
    See All

    Fund Managers

    Other Details

    BOI AXA Ultra Short Duration Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by BOI AXA Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Piyush Baranwal is the Current Fund Manager of BOI AXA Ultra Short Duration Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹322 Cr and the Latest NAV as of 22 Aug 2019 is ₹1011.6.

    The BOI AXA Ultra Short Duration Fund Direct Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 200000. Nil.

    Investment Objective

    The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. The Scheme is not providing any assured or guaranteed returns. Further, there is also no assurance that the investment objective of the Scheme will be achieved.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹200000
    Min for First Investment
    ₹200000
    Min for Second Investment
    Nil
    Exit Load

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    About BOI AXA Mutual Fund

    Address
    BOI AXA Investment Managers Pvt. Ltd. B/204, Tower 1, Peninsula Corporate Park, Ganpatrao Kadam Ma Mumbai 400055
    Phone
    022-40479000
    Launch Date
    30 Mar 2008
    Website
    NA
    BOI AXA Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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